Decisions to make! – Ill health as you approach Retirement

Our experience shows that ill health is something that affects all sorts of people at all sorts of times. It is something that we can not always predict. As we grow older the greater the chance of developing serious ill health.

As people approach retirement the best of plans may be thrown off track and never to recover. Ill health forces business sale maybe house sale, which are two common areas that we would all like to avoid. All serious retirement plans must have provisions and options for ill health.

Unfortunately ill health is something that becomes more likely as we grow older. What should you do if serious health comes to you before retirement?

First of all you need to seriously assess the seriousness of the condition or illness that you have.

You need to address the needs of your family both in the long term and short term. What will their needs be, how will they cope.

Having looked at that you need to assess the options on your pensions and assess the rules and how it affects the numbers and benefits on your pensions. What are the implications of taking benefits immediately compared to waiting to take the benefits.

Again depending upon your state of health you may seriously need to consider how the benefits are for your family upon death. Both immediately and if you have started taking the benefits.

In Summary anyone approaching retirement that develops serious ill health should seek financial help. It could well be that there are important decisions that affect significantly the financial well being of the family in the longer term.

Contact the office for a FREE no obligation appointment to discuss any of the above issues raised on 0871 271 1280 or e-mail info@reevesifa.com NOW!


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Reeves Independent's Monthly Portfolio Report!

We have now had our new portfolio’s up & running for a month and we are starting to see nice gains for our clients. Despite the drop in the markets last week due to all the uncertainty surrounding the Greek debt and US debt, the monthly gains have been promising.

The changes we made to our Aggressive portfolio have paid off with over half of our funds showing gains of over 4% and all 16 funds presenting positive returns. Our “Henderson Global Technology A” fund has produced the biggest returns with an extremely healthy 9.34% gain in just a month.

Our Balanced portfolio which was also revamped in June has struggled this week due to the factors mentioned above. However over the month it still showed an average return of 2.51% with all but two of our funds showing positive returns.

As is expected our Cautious portfolio showed the smallest gains as they are invested the least volatile funds. The monthly average return from the 10 funds we invest in was still at 0.8%.
 

If you would like to review your investment portfolio or you would like the opportunity to possibly make returns like those mentioned above then contact us on 0871 271 1280 or e-mail info@reevesifa.com

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Case Study - Taking Control of your Investments to achieve your Objectives!

Last month I received a referral from one of our professional connections based in Leeds, who had a client whose specific request was for someone to manage his Investment Portfolio.

This particular client was a 53 year old male from Nottingham with a well paid job within the IT industry. Mr B as he will be known had over 200k from all his investments and his OBJECTIVE was to retire at 60.

He wanted to do this by maximising returns from the before mentioned investments.

An initial fact find meeting with Mr B established he had 6 different pension funds totalling closer to 250k. These were roughly split with 50% in with profits funds & 50% in UK Equities.

After filling in an in-depth risk profiler questionnaires we had the following conclusions about Mr B;

• He was prepared to invest in overseas & specialist markets to maximize returns.
• He wanted to take an active role in the decision making about buying & selling of different investments in response to market changes.

What were Mr B Options?

Following some research it was clear to me that there was at least 100k that was inappropriately invested, which was not contributing towards his objective. In addition to this Mr B was paying a high amount of monthly fees due to this multi-policy arrangement. Mr B's had the following options;

• Switch into a lower charged pension arrangement, which offered reduced costs & greater fund options & significantly easier administration to assist in his investment programme

         or

• Bundle all 6 pensions into one that would provide the maximum range of investment opportunities & efficient ongoing portfolio management

Mr B choose the latter option, which whilst occurring higher initial costs would provide the opportunities to grow his pension fund over the next 7 years through Reeves Independent's Portfolio Management Service.

Does the above case sound similar to you? Here at Reeves Independent we would work closely with you to give you the best opportunity of maximising your investment returns. We would give you the strategies, help you make the right decisions & give you the tools to allow you reach your investment goals.

Contact us now on 0191 281 9862 or e-mail info@reevesifa.com NOW for a FREE initial consultation!

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Free Investment & Retirement Planning Clinic!

Here at Reeves Independent we understand how important it is to get your retirement plan in order sooner rather than later. A major part of this retirement plan could be actively trying to make more from your investments, which would have a positive impact on when you can retire and how good a retirement you can actually have. 

Additionally as we all know from the media at present that the Government are reviewing and possibly changing the pension system. Proposals may mean that people will have to work for longer whilst making higher pension contributions. Could this be you?

So we are offering a FREE Investment & Retirement Planning Clinic

Date:           01/07/11

Time:          09.00am - 16.00pm (Hourly slots available)

Venue:        Reeves Independent, 47 St Georges Terrace, Jesmond, NE2 2SX    

Contact:      info@reevesifa.com or 0871 271 1280

It is an opportunity to come and have a chat with one of experienced team to ask them any questions you have about your own investments and discuss retirement strategies and options!

We are booking out hourly slots so e-mail the team to book a place NOW!

If you have any further enquires then please contact us!

It must be stressed this a free initial meeting - further meetings may incur a cost. However this will be discussed at a future date.

The Importance of Retirement Planning - Now rather than Later!

The current economic situation has resulted in a number of hard decisions having to be made, especially with respect to retirement planning. This is the not just the case at family & business level but significantly at government level.

The present problem of an ageing population with inadequate financial planning is not a new one, its been around since I started in the finanicial services industrty in 1991. It would seem to me that it has taken this recession to kick start the Government to really wake up to the problem. This had resulted in a number of new key initiatives, which as we know have not all been popular.

Firstly have had the increase in the state retirement age. Therefore people in their 20’s will not get their state pensions until 68 years of age at least. Secondly the abolishment of the maximum working age will be welcomed to many who can’t afford to retire . Additionally the auto enrolment of qualifying employees will see people being entered into pension schemes that they might not want. Furthermore the compulsory employer pension contributions have not go down well with the companies that we run schemes for.

The public sector looks like it will not escape either. Lord Huttons report suggests that public sectors workers are faced with later retirement , lower pension and greater contributions. We will find out further developments over the following few weeks I'm sure.

Never has it been more important to address your own retirement plans and move with the times. If you are serious about your retirement Reeves Independent offers a thorough retirement planning service, which includes the following;

• A comprehensive fact find to ensure we have the whole picture
• Goal setting & a full analysis of existing investments and assets.
• Presentation of alternative options & strategies

Contact the office for a FREE no obligation appointment on 0871 271 1280 or e-mail info@reevesifa.com NOW!